--- title: "Kennametal | 8-K: FY2026 Revenue Beats Estimate at USD 2.357 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294951549.md" datetime: "2026-08-05T10:45:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294951549.md) - [en](https://longbridge.com/en/news/294951549.md) - [zh-HK](https://longbridge.com/zh-HK/news/294951549.md) --- # Kennametal | 8-K: FY2026 Revenue Beats Estimate at USD 2.357 B Revenue: As of FY2026, the actual value is USD 2.357 B, beating the estimate of USD 2.346 B. EPS: As of FY2026, the actual value is USD 4.42, beating the estimate of USD 3.8532. EBIT: As of FY2026, the actual value is USD 489.89 M. ### Fiscal 2026 Full Year Performance (Twelve Months Ended June 30, 2026 vs. 2025) #### Consolidated Financials - Net Income attributable to Kennametal Inc. was $342,389 thousand in fiscal 2026, significantly increasing from $93,125 thousand in the prior year. - Reported operating income reached $472,532 thousand, representing a 20.1% margin in fiscal 2026, compared to $143,123 thousand, or a 7.3% margin, in the prior year. - Adjusted operating income was $483,945 thousand, or a 20.5% margin, in fiscal 2026, up from $157,887 thousand, or an 8.0% margin, in the prior year. - The increase in operating income was primarily driven by approximately $316 million from the favorable timing of raw material-related pricing compared to raw material costs, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes, and incremental year-over-year restructuring savings of approximately $27 million. - These positive factors were partially offset by higher compensation costs, tariffs, general inflation, and fewer insurance proceeds received within Infrastructure. - Net cash flow from operating activities was - $4,008 thousand in fiscal 2026, a decline from $208,324 thousand in the prior year. - Free operating cash flow (FOCF) was - $79,138 thousand in fiscal 2026, down from $121,194 thousand in the prior year. - The decrease in FOCF was mainly due to working capital requirements, including increased inventory values resulting from tungsten price increases and advance payments to suppliers, partially offset by higher net income and lower capital expenditures. #### Segment Performance - Metal Cutting operating income was $195,605 thousand in fiscal 2026, compared to $86,375 thousand in the prior year. - Infrastructure operating income was $279,893 thousand in fiscal 2026, compared to $58,465 thousand in the prior year. ### Fiscal 2026 Fourth Quarter Performance (Three Months Ended June 30, 2026 vs. 2025) #### Consolidated Financials - Net Income attributable to Kennametal Inc. was $226,977 thousand, compared to $21,592 thousand in the prior year quarter. - Reported operating income was $302,882 thousand, or a 41.1% margin, compared to $31,369 thousand, or a 6.1% margin, in the prior year quarter. - Adjusted operating income was $305,660 thousand, or a 41.5% margin, compared to $38,247 thousand, or a 7.4% margin, in the prior year quarter. - The increase in operating income was driven by approximately $252 million from the favorable timing of raw material-related pricing compared to costs, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes, and incremental year-over-year restructuring savings of approximately $5 million. - These gains were partially offset by higher compensation costs, tariffs, and general inflation. #### Segment Performance - Metal Cutting sales increased 24% to $397,827 thousand from $320,652 thousand in the prior year quarter. - Metal Cutting operating income was $106,159 thousand, or a 26.7% margin, compared to $21,067 thousand, or a 6.6% margin, in the prior year quarter. - Adjusted Metal Cutting operating income was $108,449 thousand, or a 27.3% margin, compared to $25,333 thousand, or a 7.9% margin, in the prior year quarter. - Infrastructure sales increased 73% to $338,787 thousand from $195,796 thousand in the prior year quarter. - Infrastructure operating income was $197,381 thousand, or a 58.3% margin, compared to $10,696 thousand, or a 5.5% margin, in the prior year quarter. - Adjusted Infrastructure operating income was $197,869 thousand, or a 58.4% margin, compared to $13,309 thousand, or a 6.8% margin, in the prior year quarter. ### Outlook for Fiscal 2027 Kennametal Inc. anticipates sales for the first quarter of fiscal 2027 to be between $745 million and $775 million. For the full fiscal year 2027, sales are expected to range from $3.33 billion to $3.45 billion. Free operating cash flow is projected to be approximately 20 percent of adjusted net income, with capital spending around $85 million. ### Related Stocks - [KMT.US](https://longbridge.com/en/quote/KMT.US.md) ## Related News & Research - [Kennametal adds Dawne Hickton, Richard Harshman to board](https://longbridge.com/en/news/296265466.md) - [Valens Semiconductor CFO Karine Pinto Flomenboim files initial beneficial ownership statement](https://longbridge.com/en/news/296365335.md) - [LPSN: Adjournment was approved to reconvene on September 2nd after insufficient votes for the merger](https://longbridge.com/en/news/296507504.md) - [Copper Stocks To Watch As AI And Electrification Tighten Supply](https://longbridge.com/en/news/296030572.md) - [Hawaiian Electric says 117,300 customers remain without power after Tropical Storm Lala damage](https://longbridge.com/en/news/296138363.md)